- Nine memecoins have entered the top 100 cryptocurrencies by market cap, including DOGE, SHIB, and PEPE.
- Neiro and Dogwifhat are showing strong growth, with Neiro outperforming its competitors in recent days.
Memecoins have been rather popular in the cryptocurrency market. Nowadays, more of these coins rank in the top 100 cryptocurrencies by market cap. Nine memecoins have made this esteemed list based on the most recent statistics from CoinMarketCap, indicating the increasing interest and investment in this sector.
Long the flagbearer of memecoins, Dogecoin (DOGE) keeps strong in the 9th position with an amazing market value of $16.274 billion. Comprising a market value of $10.546 billion, Shiba Inu (SHIB) comes right behind it in ranking.
Other noteworthy mentions are PEPE at 29th with $4.203 billion and Dogwifhat (WIF) ranked 39th with a market value of $2.726 billion, so demonstrating that memecoins are no longer only a passing trend but rather a major influence in the crypto scene.
Memecoins Gain Momentum in the Lower Tiers
With a $1.530 billion market capitalization, BONK ranks 60th in the lower tiers; POPCAT ranks 63rd with $1.488 billion. Comprising $1.357 billion, another well-known memecoin, FLOKI, ranks 64th.
Fascinatingly, memecoins with $940 million and $869 million market caps, BRETT and NEIRO, ranked 85th and 89th, respectively, show that younger players are rapidly taking the stage. Particularly Neiro has lately been in the focus since of its outstanding performance.
According to CNF earlier, Neiro has been outperforming rivals and shown a notable increase for the past few days. Thanks to a sequence of positive developments that have attracted the interest of investors, the market cap of the coin jumped beyond $800 million.
With its present velocity, Neiro is aiming for the $1 billion mark, a target that will help to confirm its ranking among the top-performing memcoins.
Another interesting change comes from Dogwifhat (WIF), which lately verified a significant breakout following months of stabilization, as we previously highlighted.
For the memecoin, this occurrence suggests a possible turning point since it suggests considerable gains for those who have calmly kept their positions. The validation of this breakout has excited the memecoin community since it implies that WIF might be about to enter a fresh positive phase.
